Specifically, there are four major areas where costs can drive an adjustment: 1.Private Compliant Cost - Costs companies incur to implement a new policy or regulation 2.Government Sector Cost - Costs of Government Spending to execute, monitor and enforce the new regulation. 3.Social Welfare Cost - Indirect costs to society when the government implements these policies 4.Transitional Effects - Unintended costs transferred to other industries/individuals Discuss a policy or regulation that interests you and provide evidence of or potential for expected or unexpected costs in one of the 4 key areas. Discuss the economic consequences of this policy including unintended results. Would you suggest that the government intervene and if so, what would you recommend?